Twenty-two European countries have established new blockchain partnerships with the aim of exchanging and sharing information about the technology.

Countries including the United Kingdom, France, Germany, Norway, Spain and the Netherlands signed a statement on Tuesday to announce the establishment of a new European blockchain partnership.

The cooperation aims to reduce the separation of technologies by sharing the technical and management experience of member countries and aims to promote the application of blockchain technology in the digital market throughout Europe.

Mariya Gabriel, the European digital economics and social commissioner, said that all public services will use blockchain technology in the future, and this cooperation will transform “enormous potential of blockchain” into “providing better services for citizens”.

In addition to enabling member states to cooperate, the partnership also aims to promote the interoperability and implementation of blockchain services.

“Blockchain is a great opportunity for Europe and member states to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies.” Gabriel added.

The European Union launched the Blockchain Observatory and Forum in February. Shortly thereafter, the European Commission stated that it will establish a Fintech Lab in mid-2018 to nurture emerging technologies including blockchains.

In November last year, the European Union conducted a study to assess the potential of the EU-wide blockchain infrastructure.

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